In 2003, billionaire real estate developer and New Jersey Nets owner Bruce Ratner decided to move the team to Brooklyn, with the intention of building an arena, an affordable housing project, and bringing desperately needed jobs to the borough of Brooklyn. Ratner’s friend and fellow billionaire, Michael Bloomberg, enthusiastically put the weight of top-down government planning behind the project. That included using the city government’s extensive powers of eminent domain, despite the fact eminent domain is supposed to be used only in cases where development is for public uses such as schools and roads. And despite the fact that the construction of what became known as the “Atlantic Yards” project would displace many thriving businesses and homes.
Goldstein v. New York State Urban Development Corporation
Battle for Brooklyn
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